Pick of the Day: Detroit, the New Greece – by Paul Krugman, NYTimes.com

Paul Krugman. Photo by Fred R. Conrad/The New York Times

Paul Krugman. Photo by Fred R. Conrad/The New York Times

“So by all means let’s have a serious discussion about how cities can best manage the transition when their traditional sources of competitive advantage go away. And let’s also have a serious discussion about our obligations, as a nation, to those of our fellow citizens who have the bad luck of finding themselves living and working in the wrong place at the wrong time — because, as I said, decline happens, and some regional economies will end up shrinking, perhaps drastically, no matter what we do.”

Read the full article by Paul Krugman here:  Detroit, the New Greece – NYTimes.com.

This entry was posted in pick of the day and tagged , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s